Casinos & Gaming

Isle of Capri Casinos, Inc. (Nasdaq: ISLE) announced today that it has entered into an Option Agreement with Paradise Casino granting Paradise Casino the right to buy one of the Company's two gaming subsidiaries in Lake Charles, Louisiana. If the option is exercised and the transaction closes,...

Cusick's Corner As I said in the past few Corners, a bounce here is not unexpected, especially after the pounding that has been going on the last 6 sessions. What is concerning me is that Tech was the real laggard today, and some might say it is about time. But I watch offensive sectors closely,...

By Jared S. Rosenbaum So the market declines 7 out of 8 days in June, drops about 9% straight with the exception of a small up day, and finally...FINALLY, people seem to notice that there is some weakness in the market and perhaps the overall economy. I actually didn't even feel this until...

9:30pm (EST) 1.  Market Summary  2.  Symantec (SYMC) – A Cyber Security and Storage Play      3.  Melco Crown Entertainment (MPEL) – A Covered Call Down the Road     4.  Earnings  5.  Weekly Wrap Portfolio Update  6.  Week Ahead (To view the charts, please log into the Members Area and go to the...

International Game Technology (NYSE: IGT) has announced that all conditions for the completion of its cash offer to acquire all shares of Entraction Holding AB have been fulfilled. The Offer, launched on May 5, 2011 through its wholly-owned Swedish subsidiary Eagle Ice AB(1) ("Eagle Ice"), has...

International Game Technology (NYSE: IGT) announced today it has been awarded 56.7 percent of the video lottery terminal replacement for Societe des loteries video du Quebec, a subsidiary of Loto-Quebec. IGT will supply 7,200 of the new VLTs to SLVQ in Canada. "We are excited about Loto-Quebec's...

Shares of Melco Crown Entertainment Limited (NASDAQ: MPEL) are lower on the session by 3.06%, trading at $10.82. Overall put volume is now running at 17.07x the daily average, with 94% of all puts traded being purchases on the offer. 20,363 contracts have traded on the session so far. Melco...

The broad U.S. equity averages are ripping higher on Wednesday, with the Dow Jones Industrial Average gaining 125 points to 12,173. Prior to today's rally, the stock market had fallen for six straight days and the major indices have given back much of their year-to-date gains. Traders are likely...

Goldman Sachs is out with a research report this morning, where is suggests that traders buy puts on International Game Technology (NYSE: IGT) ahead of legislative catalysts and weak near-term trends. Goldman Sachs Gaming & Lodging analyst, Steve Kent, sees 13% downside to his 12-mth price...

International Game Technology (NYSE: IGT) announced today that its Board of Directors has authorized a share repurchase program of up to $500 million of the Company's outstanding common stock.

Pall Corporation (NYSE: PLL) is projected to report its FQ3 EPS at $0.71 on revenue of $667.50 million. Cantel Medical Corp (NYSE: CMN) is expected to report its Q3 EPS at $0.31 on revenue of $76.17 million. Men's Wearhouse Inc (NYSE: MW) is estimated to report its Q1 EPS at $0.49 on revenue of...

Bally Technologies, Inc. (NYSE: BYI) today announced a contract with Italian concessionaire Lottomatica Videolot Rete to provide 800 games and systems for Italy's new video-lottery program. The Company now has initial agreements to provide more than 5,000 gaming devices to Italy.

On CNBC's Fast Money, Stephen Weiss said that he wants to take a short position in ProShares UltraShort Russell2000 (ETF) (NYSE: TWM). He believes that the market will continue to trade lower, and the small cap stocks will lead the way. ProShares UltraShort Russell2000 (ETF) (TWM) gained 3.14%...

Shares of International Game Technology (NYSE: IGT) are higher on the session by 0.18%, currently trading at $16.60. The stock has been moving largely lower over the past three weeks and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on the name...

J.P. Morgan has upgraded its rating from Underweight to Neutral and raised the price target form $7 to $8.50 on Boyd Gaming Corp. (NYSE: BYD) based upon the stocks current valuation. According to J.P. Morgan, “Our ratings change is driven by BYD's YTD share price performance (down 18%) relative to...